SOLD
Sold on 10 Sep 2024 for $225,000

11/15 Burrage Street
Moe VIC 3825

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 73m2
Land area: 105m2
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Property Details for 11/15 Burrage St, Moe

11/15 Burrage St, Moe is a 2 bedroom, 1 bathroom Unit and was built in 1980. The property has a land size of 105m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Unit sold in Moe in the last 12 months.

Building Type
Unit
Year Built
1980
Floor Size
73m2
Land Size
105m2
Local Government
Latrobe
Lot/Plan
11/SP25538

Last Listing description (October 2024)

The perfect opportunity awaits you in Moe a two-bedroom, one-bathroom unit just waiting for you to make it your own.

Situated in an over 55's retirement complex, this unit has the potential to become your ideal home or investment. Bright and airy, the interior is spacious, and each room is flooded with light. An open plan living and dining area, as well as two generous bedrooms and a bathroom are all included in this desirable property.

The kitchen is well-equipped, with plenty of storage and bench space. The bedrooms are generous in size with plenty of natural light. The bathroom/laundry is also well-appointed, with a shower, vanity, and enough room to get ready in the morning. Outside, you can enjoy the peace and tranquility in the sunny backyard.

Take advantage of this unique opportunity and make your dreams of home ownership a reality. With the property already tenanted, you benefit from instant income. The current rent is $250 per week, giving you the latitude to increase rents and maximise your return on investment. Lease expires in September.

The location is also desirable, offering easy access to local schools and train station. Enjoy the convenience of nearby shops, and cafes, as well as picturesque parks and lush green spaces. With close proximity to public transport, youll find commuting to work or Melbourne a breeze.

All in all, a sound investment awaits your opportunity. Call Jeff for an inspection today

The information about this property has been supplied to us in good faith, while we have no cause to doubt its accuracy. Land and home dimensions and floor/site plans are supplied by third parties. Typing mistakes and omissions transposing can occur, we provide assistance but make no representation. Buyers must carry out their own due diligence.

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Property History for 11/15 Burrage St, Moe, VIC 3825

A timeline of how this property has performed in the market
Last Sold
$225,000
10 Sep 2024
Listed for Rent
$270/w
16 Sep 2024
  • 10 Sep 2024
    Sold for $225,000
  • 14 Aug 2024
    Listed for Rent $270 / week
  • 20 Jun 2024
    Listed for Sale $229,000 - $239,000
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About Moe 3825

The size of Moe is approximately 18.2 square kilometres. It has 28 parks covering nearly 7.1% of total area. The population of Moe in 2011 was 8,750 people. By 2016 the population was 8,792 showing a population growth of 0.5% in the area during that time. The predominant age group in Moe is 60-69 years. Households in Moe are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Moe work in a trades occupation. In 2011, 61.2% of the homes in Moe were owner-occupied compared with 61.3% in 2016.

Moe has 6,423 properties. Over the last 5 years, Houses in Moe have seen a 66.04% increase in median value, while Units have seen a 57.44% increase. As at 31 October 2024:

  • The median value for Houses in Moe is $347,988 while the median value for Units is $275,897.
  • Houses have a median rent of $380 while Units have a median rent of $280.
There are currently 60 properties listed for sale, and 6 properties listed for rent in Moe on OnTheHouse. According to CoreLogic's data, 242 properties were sold in the past 12 months in Moe.

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